National Grid 2008 Annual Report Download - page 452
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BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 64364
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: (212)924-5500Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-4.C.8, Doc: 9, Page: 26
Description: EXH 4(C).8
0/2862.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/862/2*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 64364
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: (212)924-5500Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-4.C.8, Doc: 9, Page: 26
Description: EXH 4(C).8
0/2862.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/862/2*
Schedule A
Buyout Amount
The Buyout Amount to be paid to the Executive shall equal $14,887,089, representin
g
the cash severance the Executive would
have been entitled to receive under Sections 5(d)(A) and (B) of the KeySpan Employment A
g
reement, plus an additional lump
sum in respect of the Retirement Plan and SERP enhancements that the Executive would have been entitled to receive under
Section 5(d)(C) of the KeySpan Employment Agreement.
For the avoidance of doubt, the Buyout Amount described above does not include the additional excise tax
g
ross up payments
that the Executive shall be entitled to receive pursuant to Section 9 of the KeySpan Employment Agreement.
25